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US Dollar: Jackson Hole keeps hike risk alive – MUFG

MUFG’s Derek Halpenny notes the US Dollar has gained modestly after Fed Chair Warsh’s Jackson Hole speech, with US Dollar Index (DXY) up around 0.3% since Friday’s open and 2‑year Treasury yields sharply higher. Warsh’s…

Finance

Brazilian Real: Fiscal risks weigh on currency – Commerzbank

Commerzbank’s Michael Pfister highlights that Brazil’s very high real interest rates have not prevented solid GDP growth, as expansionary fiscal policy has offset restrictive monetary conditions. With elections approach…

Finance

Why is Myriad Genetics stock tumbling today?

Wrapping up Q1 earnings, we look at the numbers and key takeaways for the therapeutics stocks, including Myriad Genetics (NASDAQ:MYGN) and its peers.

Finance

Gold struggles below $4,400 as Fed rate hike bets dominate

Gold (XAU/USD) extends its pullback from the more-than-three-month high touched last week and falls to a fresh two-week low on Tuesday. Rising expectations of Federal Reserve (Fed) interest rate hikes and fresh tensions…

Finance

WTI Oil climbs toward $87 as US-Iran tensions threaten supply

West Texas Intermediate (WTI) US Oil extends its rebound for a second consecutive day on Tuesday, gaining 1.76% on the day to trade around $86.95 at the time of writing. The Crude Oil benefits from a renewed geopolitica…

Finance

NZD/USD Price Forecast: Bulls defend trendline above 0.5900

The NZD/USD is poised to finish Monday’s session virtually unchanged near its opening price, despite a modest 0.08% gain as the US Dollar weakens amid rising tensions in the Middle East. The pair trades above 0.5900.

Finance

Mexican Peso appreciates as USD/MXN dives on USD weakness

The Mexican Peso (MXN) appreciates by about 0.20% against the US Dollar (USD) on Monday, even as risk appetite deteriorated amid the escalation of the US-Iran conflict, which triggered a jump in energy prices. This exer…